Question

A man spends 40% of his income for food 15% for clothes and 20% for house rent and saves the rest.What is the percentage of his savingd? If his income his rs.34,400,find the amount of his savings

Answer 1

food=40%

clothes=15%

rent=20%

saves=100-40+15+20=25%

income=34400 rupees

savings=25/100*34440=8600

hope this may help you

Answer 2

Given: Total income of the man = Rs. 34,400

           Income spent on food = 40%

           Income spent on clothes = 15%

           Income spent on house rent = 20%

To find: The percentage and amount of his savings

Solution: According to the given question,

(Total income is 100%)

Percentage of Income saved = 100% - (40% + 15% + 20%)

                                                = 100% - 75%

                                                 = 25%

So, 25% of the income is saved.

Now, 25% of 34,400 is:

⇒ $\frac{25}{100} * 34,400 = 8,600$

Hence, savings are 25% of total income which amounts to Rs. 8,600.